1413 ET - President Trump's Iron Dome executive order will boost major defense companies, TD Cowen says in a research note. Analysts Roman Schweizer and Liz Huseynov say the order, which expands missile defense systems, will require tens of billions of dollars to develop. "We see it as a massive expansion of existing programs of record as well as the development and fielding of nascent systems," they say. While the executive order did not specify program names, the analysts say they believe the program will positively impact companies including Lockheed Martin, Northrop Grumman, RTX, L3Harris, Boeing and others. (owen.tucker-smith@wsj.com)
(END) Dow Jones Newswires
January 28, 2025 14:13 ET (19:13 GMT)
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